Thane satisfying the housing demand in Mumbai

By Accommodation Times News Services

Thane cityThane is one of the fastest emerging residential destination in Mumbai city. The growing population in the city has triggered the demand for suburban areas, where homes are available at affordable prices and with more availability of space and open areas and natural environment.

Mumbai has emerged as the only solace for the thousands of people living somehow in the city. Any other means to get a home within the territory is simply out of the question for a majority of them because of the enormous capital values of prime properties in the city. The whopping appreciation in the market values of real estate in Mumbai has made some areas costlier than foreign countries! Hence, it is the cheaper options being brought by the latest housing projects from time to time that are keeping the hope of owning individual homes alive for a major section of the population. Thus the execution of a housing project in Mumbai is waited passionately and is received wholeheartedly. Since the latest housing projects are planned taking into account the needs and income levels of the various social sections, it has become convenient for a resident in the city to find a suitable accommodation within his/her means.

Hence, people are opting out for new locations, if we single out the specific areas in central and suburb we encounter massive development in areas like Thane, Kalyan, Dombivali, Vikhroli, Ghatkopar, in central and Mira Road, Bhayender,  Naigaon, Vasai, Virar in suburb or western line.

Out of all these areas Thane is one of the fastest growing areas of infrastructure in Mumbai. Affordable property rates and peaceful environment is the reason for many people buying property around this region. The biggest commercial complex, Residential apartments, luxurious townships are located on the Thane Mumbai.

Thane is the prime location of Mumbai where Builders and Real Estate Developers, on the other hand, are working on various residential projects to provide all categories of home seekers. Thane Project is one of the popular Residential Developments in Mumbai with many excellent amenities such as mystical Landscaping Gardens, Library, Swimming Pool, Tennis Court, Jacuzzi, Fully equipped Gymnasium with world class equipments, Children’s Play Area, Mini theater etc. The capital values of prime properties in Thane have increased substantially since the process of Real Estate Development was begun by private developers and housing authorities. Properties in Thane have attracted the attention of prominent builders of the country as well as Real Estate Investors “A place where early rays of sunshine sprinkle their first golden delight”. A residence that takes you to the even greater heights of luxury, joy and peace.

In terms of accessibility, the Western Express Highway, S. V. Road and Linking Road along the western line have made Mumbai’s western suburbs very attractive to upper mid-income homebuyers who are seeking a better lifestyle. In fact, the direct road connectivity offered by the Western Express Highway has caused Thane’s Ghodbunder Road to emerge as an extended western suburban destination. Proximity to the airport and its connectivity through railways to other parts of the city including CBDs make Thane a preferred location.

The ever increasing population in the city has also triggered the demand for integrated townships, which is the ultimate solution to the city’s major urban problems such as bad roads, traffic congestions, inadequate water and power supply and poor sanitation system. Today, there is little doubt that integrated townships are the format for city development. Tier 1 cities and metropolitan cities are under immense pressure of urbanisation. According to a report Mumbai will be among the five largest cities in the world by 2030 with an estimated population of 33 million people and an estimated 58% of Maharashtra will be urbanised. This demand can be met efficiently by building sustainable townships that not just provide residential and commercial spaces but also elevate the quality of life for the residents.

An integrated township has comprises of everything under one roof i.e. it has residences, Gardens, Play Park, school, Hospitals, Shopping Arcade, Entertainment spaces, Restaurants, community centre, etc. The most important thing in a township is social infrastructure, good connectivity, estate management, business arcade an integrated township always has this essentials.

In Mumbai most of the townships are planned in the external parts of the city like Thane, Navi Mumbai, Kalyan, Dombivali, as these locations provide ample spaces with lust greenery at affordable prices. Developers desire to construct townships in such location so that they can provide their buyers affordability with luxury and with all amenities. Thane is the most popular city for the development of integrated townships. In recent times many luxurious yet affordable townships have come up in Thane.

Thane satisfies all the necessary requirements for a township with great infrastructure facility, open space, ample land and excellent connectivity. Integrated townships require a large and conveniently located stretch of land. In Mumbai, while land acquisition continues to be a challenge, the boundaries for residential places are extending towards Thane and beyond in the central suburbs.

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